In the sale, the consideration is immediate.
Consideration is called the benefit that someone has to give by virtue of what they must receive or have already received from the other party . This is usually a payment or a service .
Follow the service
Consideration, therefore, is something that is given or done in correspondence with something else . First there is a benefit and then the consideration appears.
Sometimes the consideration is simultaneous with the provision, or immediate to it. When a purchase is made and paid in cash , for example, the provision and consideration occur at the same time: a person takes a kilogram of apple and hands over fifty pesos, to mention one possibility.
Let's take the case of a purchase in installments . In this case, the consideration extends several months . If a man buys a television and pays for it in twelve monthly installments, the consideration for the device will last for one year.
Consideration, in short, is the remuneration for a service or the price for a product. The salary or salary , in this framework, is the consideration for a job. Whoever mows the lawn in exchange for money receives a certain financial remuneration for his activity in return, just as the lawyer obtains a certain amount for his professional advice.
General characteristics
Below we will see a series of characteristics of the consideration that can be applied to almost all cases in which there is an exchange that includes it in its terms:
* It is possible that it involves the transfer of certain assets or the delivery of a sum of money. If we take the public acquisition offer as an example, the investor has the possibility of using money for payment, offering shares or combining these two modalities;
* There must be an agreement as part of the operation, which is accepted by both parties involved. In some cases it is a seller and a buyer, while in others, a debtor and a creditor;
* the consideration must be delivered within a period that can be scheduled in advance, as occurs when requesting a loan, or immediately, as in purchases paid in cash;
* Credit purchases, mentioned above, are an example of credits that allow payment of the consideration over extended periods. In these cases, a rate is applied that increases the initial amount ;
* Failure to comply with the consideration represents an infraction that carries consequences. It may lead to a trial and result in the payment of a financial penalty;
* If the debtor takes too long to pay an installment, for example, they may be charged late payment interest . If you spend too much time or never fulfill your obligation, this is reflected in your history and prevents you from accessing future financing.
Financing allows the consideration to be divided into several parts.
Links without compensation
It is important to keep in mind that in many relationships and agreements there is no consideration . This happens with taxes , which are taxes demanded by the State and that the citizen is obliged to pay without any direct or concrete consideration in exchange.
In this case, we could say that although there is no direct compensation, the well-being and security that the State theoretically guarantees to citizens in exchange for paying these taxes would, in some way, be an indirect compensation . However, it does not receive this name because it does not meet all the requirements of the concept and, above all, because the payment of taxes is obligatory for all the people, unlike sales contracts , for example, in which this does exist. round trip described above.